Barry Stuppler
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Daily Market Report 4/14/15
GOLD The Chinese released some negative economic data this morning which drove down the price of Gold, testing support at $1,183.50 per ounce. Gold continues to consolidate in the $1,180 to $1,220 per ounce price range. At 11am PDT today, Gold is trading at $1,193 per ounce, down $7 per ounce on better than average trading volume. SILVER When Gold...(Read More) -
Weekly Market Report 4/13/15
Links to recent informative articles on precious metals and rare coins: China Gold Reserves Rise To Threatening Level Why Gold Stocks Still Suck This Week’s Headlines: Gold Fundamentals for higher Gold price continue to strengthen Silver April 2015 CoinStats is now available Recommended Investment Commitment and Diversification GOLD Last week Gold hit a high of $1,224.50 per ounce...(Read More) -
Daily Market Report 4/13/15
GOLD As the U.S. Dollar strengthened, the price of Gold traded in a narrow $13 high/low trading range. Today, Gold reached a high of $1,209 and a low of $1,196 per ounce on normal trading volume. The $1,200 resistance/support level is important and I expect to see Gold hold that level. At 11am PDT today, Gold is trading at $1,200.50...(Read More) -
Daily Market Report 4/10/15
GOLD Gold broke back above the key $1,200 per ounce level this morning on excellent demand when Gold hit $1,193 in Asian trading. Gold has surged 3.5% in Euros and 2.2% in British Pounds this week. At 11am PDT today, Gold is trading at $1,206 per ounce, up $11 per ounce on above average Friday volume. There is a great...(Read More) -
China Gold Reserves Rise To Threatening Level
(Read More)No one knows exactly how much gold China has – but we know it’s a lot. Last disclosed in April 2009, China gold reserves were at 1,054 tonnes. At least, that was the official number You see, China only reports its gold reserves every few years. The most recent number suggests . . . .
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Daily Market Report 4/9/15
GOLD The U.S. Dollar rallied today, moving to $1.04 to the Euro. This Dollar rally negatively affected Gold, driving the price down to $1,192.60 per ounce. I am very disappointed that Gold couldn’t hold the important $1,200 per ounce support level. However, there wasn’t a lot of professional selling or shorting after the price break, and Gold found good support...(Read More) -
Daily Market Report 4/8/15
GOLD Gold tested the very important $1,200 support level this morning, reaching a low of $1,200.70 per ounce. At that point trading volume increased as fresh buyers appeared, rallying the price back to $1,205 per ounce. At 11am PDT today, Gold is trading at $1,205 per ounce, down $5 on better than average trading volume. SILVER This morning Silver tried...(Read More) -
Why Gold Stocks Still Suck
(Read More)It is a bit hard to fathom but nearly three years have lapsed since I penned a rant called “Why Gold Stocks Suck” (Mercenary Musing, April 30, 2012) after a Cambridge House conference in Calgary.
At that time, I had little inkling that the bear market for gold exploration and mining companies would continue into its fifth year and be deeper now than in the spring of 2012 . . . .
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Daily Market Report 4/7/15
GOLD Today Gold traded in a narrow $9 range from $1,207 to $1,216 per ounce. I like this price consolidation after the recent break above the key $1,200 level. Recently, the strength or weakness of the U.S. Dollar is providing direction for the Gold price. At 11am PDT today, Gold is down $8 per ounce, trading at $1,210 per ounce...(Read More) -
Weekly Market Report 4/6/15
Links to recent informative articles on precious metals and rare coins: Kazakhstan extends gold buying spree as Russia keeps assets Gold In Fed Vault Drops Under 6,000 Tons For The First Time, After 10th Consecutive Month Of Redemptions This Week’s Headlines: Gold Fundamentals for higher Gold price continue to strengthen Silver April 2015 CoinStats in now available Recommended Investment...(Read More)
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